kaal:claim:2273857-040

Future financial crises may be inevitable, because globalization, financial innovation, ethical challenges, suboptimal institutional designs, and the bounded rationality of decision makers create conditions that produce crises.

Source quote, verbatim

Future financial crises may be inevitable. Factors such as globalization, financial innovation, ethical challenges, suboptimal institutional designs, and the bounded rationality of decision makers may create conditions that result in future crises.

From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), III. Dynamic Regulation of the Financial Services Industry, p. 21
https://ssrn.com/abstract=2273857 · source PDF

Cite as

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

Classification

predictivesupport: arguedrisk-and-incentivesinnovation

Related claims

extended_by kaal:claim:kaal-2013-acomparativeperspectiveo-030 Financial innovation, the globalization of markets, transnationalism, ethical challenges, and the bounded rati...

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